I'm not even sure that it is to the detriment of our domestic laborers. It certainly makes domestic manufacturing less competitive, especially the lowest skill/barrier to entry manufacturing. However, the US manufactures a LOT still, there are loads of reasonably well paying jobs for lower skill worker. I will say that housing and healthcare costs are high in the US but those are not things that are imported.
sebmellen|11 months ago
If you go by PPP alone, the US is already in second place [0].
PPP is a horrible metric, but I’m not sure GDP per capita is any better.
[0]: https://en.m.wikipedia.org/wiki/List_of_countries_by_GDP_(PP...
getnormality|11 months ago